(A)
Except as otherwise provided in division (C) of this section, the following
rules apply:

(1)
While a security certificate
is located in a jurisdiction, the local law of that jurisdiction governs
perfection, the effect of perfection or nonperfection, and the priority of a
security interest in the certificated security represented thereby.

(2)
The local law of the issuer's
jurisdiction as specified in division (D) of section
1308.05 of the Revised Code
governs perfection, the effect of perfection or nonperfection, and the priority
of a security interest in an uncertificated security.

(3)
The local law of the securities
intermediary's jurisdiction as specified in division (E) of section
1308.05 of the Revised Code
governs perfection, the effect of perfection or nonperfection, and the priority
of a security interest in a security entitlement or securities account.

(4)
The local law of the commodity
intermediary's jurisdiction governs perfection, the effect of perfection or
nonperfection, and the priority of a security interest in a commodity contract
or commodity account.

(B)
The following rules determine a commodity
intermediary's jurisdiction for purposes of sections
1309.301 to
1309.342 of the Revised Code:

(1)
If an agreement between the commodity
intermediary and commodity customer governing the commodity account expressly
provides that a particular jurisdiction is the commodity intermediary's
jurisdiction for purposes of sections
1309.301 to
1309.342 of the Revised Code, this
chapter, or Chapters 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309.,
and 1310. of the Revised Code, that jurisdiction is the commodity
intermediary's jurisdiction.

(2)
If division (B)(1) of this section does not apply and an agreement between the
commodity intermediary and commodity customer governing the commodity account
expressly provides that the agreement is governed by the law of a particular
jurisdiction, that jurisdiction is the commodity intermediary's jurisdiction.

(3)
If neither division (B)(1) nor
(2) of this section applies and an agreement between the commodity intermediary
and commodity customer governing the commodity account expressly provides that
the commodity account is maintained at an office in a particular jurisdiction,
that jurisdiction is the commodity intermediary's jurisdiction.

(4)
If neither division (B)(1), (2), nor (3)
of this section applies, the commodity intermediary's jurisdiction is the
jurisdiction in which the office identified in an account statement as the
office serving the commodity customer's account is located.

(5)
If neither division (B)(1), (2), (3), nor
(4) of this section applies, the commodity intermediary's jurisdiction is the
jurisdiction in which the chief executive office of the commodity intermediary
is located.

(C)
The
local law of the jurisdiction in which the debtor is located governs:

(1)
Perfection of a security interest in
investment property by filing;

(2)
Automatic perfection of a security interest in investment property created by a
broker or securities intermediary; and

(3)
Automatic perfection of a security
interest in a commodity contract or commodity account created by a commodity
intermediary.